NYT (NYT) director granted 49 dividend-equivalent RSUs as share award
Rhea-AI Filing Summary
Bronstein Manuel reported acquisition or exercise transactions in this Form 4 filing.
NEW YORK TIMES CO director Manuel Bronstein received 49 shares of Class A Common Stock through a stock-based award. The award represents Restricted Stock Units granted as dividend equivalents under The New York Times Company 2020 Incentive Compensation Plan. After this grant, Bronstein directly holds 18,066 Class A shares.
These Dividend Equivalent RSUs were issued in connection with cash dividends on existing RSUs. Units tied to already vested RSUs are fully vested at grant, while those tied to unvested RSUs will vest on the date the related RSUs vest, which is the date of the company’s first annual meeting following the initial grant.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 49 | $0.00 | $0.00 |
Footnotes (1)
- F1. Restricted Stock Units ("RSUs") acquired in respect of previously reported RSUs awarded under The New York Times Company 2020 Incentive Compensation Plan in connection with, and with a value equal to, cash dividends paid on The New York Times Company's Class A Common Stock ("Dividend Equivalent RSUs"). Dividend Equivalent RSUs granted in respect of vested RSUs are fully vested at grant. Dividend Equivalent RSUs granted in respect of unvested RSUs will vest on the date that such unvested RSUs vest, which is the date of the Company's first annual meeting following the initial grant.
Key Figures
Key Terms
Restricted Stock Units ("RSUs") financial
Dividend Equivalent RSUs financial
2020 Incentive Compensation Plan financial
Class A Common Stock financial
FAQ
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